Toyota Motor Corporation has said that it plans to sell 7.7 million vehicles worldwide in 2011, which is up by 3 percent from 2010, as emerging automobile markets like China and India are expected to grow further next year.
Of the total sales, Toyota targets to Japanese market to absorb 1.3 million vehicles, down 17 percent, and 6.4 million units overseas, up 8 percent. The Japanese carmaker also said that its global sales in 2010 are projected to increase 7 per cent from the previous year to 7.48 million units.
Toyota’s global production target in 2011 is set at 7.7 million units, up 1 percent from 2010, with domestic output targeted at 3.1 million units, down 5 percent, and overseas production set at 4.6 million units, up 6 percent.
Toyota’s global production in 2010 is expected to grow 20 percent from the previous year to 7.63 million units. Toyota recently launched its entry level sedan Etios in the Indian market and has received overwhelming response from the customers.